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Fri 2 Jul 2010 12:39 PM

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Foreign firms eye $2bn Oman coal power plant deal

Oman is developing five projects aimed to boost electricity generation to meet rising demand.

Foreign firms eye $2bn Oman coal power plant deal
(Getty Images)

International firms are eyeing a $2bn contract to build Oman's first coal-fired electricity generation plant, an official at the Public Authority for Electricity and Water said last week.

The government has appointed Worsely Parsons and KPMG as technical and financial advisors for the 1,000 megawatt power station project which will be built at Duqm in central Oman.

"The foreign firms showing interest prior to the tender announcement are Larsen & Toubro, Sembcorp and Marubeni Corporation," the official told Reuters.

The tender is expected in the third quarter of this year, he added.

Last year, Oman said it would privatise existing power stations and invest about $8 billion in new power projects to diversify away from its oil-based economy.

Oman is developing five projects aimed to boost electricity generation, demands on which are increasing about 15 percent annually.

Total consumption up to June 2009 reached 3,600 megawatts, 16 percent more than the same period in 2008, year on year, according to the Public Authority for Electricity. (Reuters)

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